Richards Merrill & Peterson Inc. Lowers Stake in Micron Technology, Inc. $MU

Key Points

• Richards Merrill & Peterson cut its Micron stake by 17.8% in the second quarter, selling 1,117 shares and retaining 5,156 shares worth approximately $5.95 million. Institutional investors collectively own 80.84% of MU.
• Micron reported a strong quarter, with $25.11 in EPS and $41.46 billion in revenue, surpassing analyst estimates and representing 345.8% year-over-year revenue growth. Shares were trading up 4.1%, while analysts maintained an overall “Buy” consensus.
• Company insiders sold significant amounts of stock, including CEO Sanjay Mehrotra’s sale of nearly $29 million worth of shares; meanwhile, AI-related memory demand and tight high-bandwidth memory supply remain key bullish drivers, though valuation and future supply growth pose risks.

Richards Merrill & Peterson Inc. decreased its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 17.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,156 shares of the semiconductor manufacturer's stock after selling 1,117 shares during the quarter. Micron Technology accounts for about 1.9% of Richards Merrill & Peterson Inc.'s investment portfolio, making the stock its 10th largest position. Richards Merrill & Peterson Inc.'s holdings in Micron Technology were worth $5,952,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MU. Heritage Trust Co grew its holdings in Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock valued at $4,289,000 after purchasing an additional 1,323 shares during the period. Castleark Management LLC bought a new position in shares of Micron Technology in the first quarter worth about $3,709,000. Legacy Wealth Management LLC MS lifted its position in shares of Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer's stock valued at $4,091,000 after buying an additional 1,499 shares in the last quarter. Financial Synergies Wealth Advisors Inc. purchased a new position in shares of Micron Technology during the 4th quarter valued at about $1,316,000. Finally, PKO BP BANKOWY Universal Pension Society JSC bought a new position in shares of Micron Technology during the 4th quarter valued at approximately $61,306,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Trading Up 4.1%

Shares of MU opened at $1,011.75 on Tuesday. The firm has a market cap of $1.14 trillion, a P/E ratio of 22.91 and a beta of 2.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology, Inc. has a 1 year low of $113.46 and a 1 year high of $1,255.00. The company has a 50 day simple moving average of $966.74 and a two-hundred day simple moving average of $683.34.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The company's quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were paid a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology's payout ratio is presently 1.36%.

Insider Activity at Micron Technology

In other news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 31,285 shares of the business's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $926.83, for a total value of $28,995,876.55. Following the completion of the sale, the chief executive officer owned 313,218 shares in the company, valued at $290,299,838.94. This represents a 9.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 162,179 shares of company stock worth $167,811,861 in the last quarter. 0.24% of the stock is owned by company insiders.

Key Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: AI-driven memory shortage: Demand for high-bandwidth memory (HBM) used in AI data centers continues to absorb manufacturing capacity. HBM requires substantially more wafer capacity than conventional DRAM, supporting tight supply, higher pricing and stronger margins for Micron. Industry growth targets and fully allocated HBM production suggest the shortage could persist. Why This Memory Chip Boom May Have More Staying Power Than History Suggests
• Positive Sentiment: U.S. policy reduces Chinese competition: Reports that the White House is discouraging U.S. technology companies from sourcing conventional memory chips from Chinese suppliers, including Apple’s potential suppliers, improved sentiment toward Micron and other Western memory producers. The policy could strengthen Micron’s negotiating position and support longer-term domestic demand. Micron Shares Rise as White House Pushes Apple Away From Chinese Memory Chips
• Positive Sentiment: Upbeat analyst outlook: Bank of America maintained a Buy rating and a $1,550 price target, arguing that concerns about a cyclical peak are overstated. The firm projects Micron’s earnings could exceed $230 per share by fiscal 2030, while recent quarterly results showed $41.46 billion in revenue and $25.11 in EPS, both well ahead of estimates. BofA Sees Micron EPS Topping $230 by FY30
• Positive Sentiment: Broader AI enthusiasm: Comments from Elon Musk emphasizing the importance of memory and storage for agentic AI helped lift Micron alongside SanDisk and other memory stocks. Comparisons with AMD and NVIDIA also highlighted Micron’s rapid earnings growth and relatively lower valuation. Elon Musk Just Uttered Massively Bullish Words for Micron
• Neutral Sentiment: Institutional profit-taking: Appaloosa Management reduced its Micron position by 41%, while Stanley Druckenmiller’s Duquesne Family Office exited the stock. The selling may reflect profit-taking after the enormous rally, although Micron remains a major holding for some investors. Hedge Fund Heavyweights Are Dumping Micron
• Negative Sentiment: Risks remain elevated: Micron’s sharp advance leaves the stock vulnerable to valuation compression, profit-taking, a broader technology pullback and any eventual increase in memory supply. Intel is also exploring new memory architectures, potentially creating a longer-term competitive threat. Intel Eyes a Memory Comeback

Analyst Ratings Changes

Several equities research analysts recently issued reports on MU shares. ThinkEquity reissued a "buy" rating on shares of Micron Technology in a report on Monday, August 3rd. Bank of America upped their price target on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Melius Research assumed coverage on shares of Micron Technology in a research report on Monday, April 27th. They set a "buy" rating and a $700.00 price objective on the stock. Erste Group Bank upgraded shares of Micron Technology from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. Finally, Mizuho lifted their target price on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an "outperform" rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $1,259.97.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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